Terreno Realty

1. Economic Downturn: Terreno Realty's business is heavily reliant on the health of the real estate market. Any economic downturn or recession could lead to decreased demand for commercial real estate, resulting in lower occupancy rates and rental income.

2. Interest Rate Risk: Terreno Realty relies heavily on debt financing to acquire and develop properties. Any increase in interest rates could increase the cost of borrowing and impact the company's profitability.

3. Market Volatility: Terreno Realty is a publicly traded company, and its stock price is subject to market fluctuations. Investors may experience losses if the stock price declines.

4. Competition: Terreno Realty operates in a highly competitive market, and faces competition from other real estate companies that may have larger portfolios or better access to financing.

5. Tenant Risk: Terreno Realty's success is dependent on its ability to attract and retain tenants. If a major tenant were to leave or default on their lease, it could significantly impact the company's financial performance.

6. Property Risk: As a real estate company, Terreno Realty is exposed to risks associated with owning and managing physical properties, such as damage from natural disasters, environmental hazards, and unexpected maintenance costs.

7. Regulatory Risks: Terreno Realty is subject to various regulations and laws related to real estate ownership and development, which could change and impact the company's operations and profitability.

8. Environmental Risk: Terreno Realty may be exposed to environmental risks related to the properties it acquires, such as contamination or hazardous waste, which could result in legal and financial liabilities.

9. Dependence on Key Personnel: Terreno Realty's success is dependent on the skills and expertise of its management team. The loss of key personnel could have a negative impact on the company's operations and growth.

10. Capital Risk: As a REIT (Real Estate Investment Trust), Terreno Realty is required to distribute at least 90% of its taxable income to shareholders. This limits the company's ability to retain earnings for future growth, and may result in the need for additional capital to fund new investments.